Income Declaration Scheme Archives - H&R Block| Blog

Income Declaration Scheme

January 31, 2017
Budget 2017 Predictions

Top 5 Predictions for Union Budget 2017

Union Budget 2017-18 will be presented in less than a week. The anticipation among the masses has reached fever pitch. The upcoming budget is the first of its own kind due to two reasons. For the first time in history, Union Budget and Railway Budget […]
November 23, 2016
Swiss Banks to Share Information with India

Swiss Banks to Share Information with India

Government has given another blow to parallel economy by signing an agreement with Switzerland for automatic exchange of information or AEOI. This agreement will help India in obtaining all information on transactions made by Resident Indians to Swiss banks. Indian government has no official estimation […]
November 22, 2016
Demonetization Myths

11 demonetization Myths – Debunked!

Government is using demonetization as a weapon against parallel economy, corruption and terrorism. Although a lot of information regarding the same is easily available, it has been hard for people to differentiate between truth and myth. Today we will debunk the most common myths about […]
October 7, 2016
Income Declaration Scheme

Income Declaration Scheme Ends! What Next?

Income Declaration Scheme (IDS) which lasted for 4 months has finally come to an end. Although the scheme was plagued by a slow beginning, it picked up in the end and drove more than 65,000 declarants to disclose approximately Rs. 75,000 crores of black money. […]
September 28, 2016

Last Month of Income Declaration Scheme – Why Should You Avail Income Declaration Scheme?

The Income Declaration Scheme offers tax evaders an opportunity to disclose their unaccounted assets or income. The scheme allows them to rectify their tax errors by paying the applicable taxes, surcharge, and penalty amounting to 45% of overall undisclosed income and start afresh. Since, the […]
July 6, 2016
Income Tax Declaration Scheme

You have two more months to declare undisclosed income

In a bid to reduce the taxation burden, have you been stowing away a part of your earnings bit by bit, leading to a whole pile going undeclared over a period? It is time to draw out the curtains you had pulled to shield this […]